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> Creating a subsidiary business for every type of Google account you have would be quite expensive Costs roughly $1000/yr to run a properly sheltered LLC. Jus
by o-__-o 5y ago
> Creating a subsidiary business for every type of Google account you have would be quite expensive
Costs roughly $1000/yr to run a properly sheltered LLC. Just saying, that’s a low barrier to overcome for any company turning modest revenue.
- blibble 5y agowhy so expensive? in the UK it's £13/year (under $20)
- rexf 5y agoDepends what US state you choose. In CA, you pay $800 a year for your LLC. > An $800 annual tax is generally imposed on limited partnerships (LPs), LLCs, ... Source: https://www.ftb.ca.gov/forms/2020/2020-568-booklet.html https://www.ftb.ca.gov/forms/2020/2020-568-booklet.html
- o-__-o 5y agoIt does depend on the state. I am also including registered agents, physical (mailing address) and digital presence. Depending on the nature of the business, insurance is also included in that cost. I did not include increased accounting costs
- 55555 5y agoIt can be much cheaper in other good states. $250 to 400 yearly rings a bell for WY, NV, DL
- ronyeh 5y agoOnly if you live in those states. If you live in and operate out of CA, but incorporate in DE, you end up paying both DE and CA franchise taxes.
- camhart 5y agoWY is even less than that--more like $50. $52 if you pay with a credit card. Though you'll need to pay for the registered agent $25 / year. https://sos.wyo.gov/Business/docs/BusinessFees.pdf https://sos.wyo.gov/Business/docs/BusinessFees.pdf https://www.wyomingagents.com/ https://www.wyomingagents.com/ But yes--if you live in another state, you'll need a company in that state regardless.
- roofwellhams 5y agoWhat about accountants, paperwork, bank account fees... 1000 usd easy per year
- alexchamberlain 5y agoIt's going to be more expensive than that to get accounts prepared, right?
- lbriner 5y agoFor small company accounts in the UK, you can file them yourself. It is not completely easy depending on what you are doing but well within the ability of an engineer, as long as you are keeping the relevant receipts etc. For me, running a company was never expensive, just hassle like sending your annual update to Companies House and understanding the various overlapping communications from HMRC for tax.
- alexchamberlain 5y agoInteresting - I thought all companies had to file electronically with tagged accounts - ie you need some level of an accountant.
- ectopod 5y agoYou can file them online yourself. https://www.gov.uk/file-your-company-accounts-and-tax-return https://www.gov.uk/file-your-company-accounts-and-tax-return
- blibble 5y agoif you're a "micro" enterprise (turnover <£500k and fewer than 10 employees) you don't even need to produce a P&L, just a balance sheet it can be done entirely for free on the Government's Companies House site, which generates your accounts, the regulatory statements and also does your tax return takes me about 10 minutes a year, sending the figures to an accountant rather than punching them into the government's website would take longer
- h0h0h0h0111 5y agoIs it even per year? I thought the fee was just upon first registration
- KorematsuFred 5y agoWe have done this in past. At one point we had 4 LLCs with 4 adsense accounts each making $30K per day. There was nothing fishy here it was perfectly legal and 100% legitimate traffic. Over time we even split our large website into multiple domains under these 4 accounts to make them profitable. Google eventually banned all 4 over time without ever telling us why. We shut down out company eventually.
- anoncow 5y agoWhy were the accounts banned?
- kevingadd 5y ago"without ever telling us why" indicates that they do not know.
- strogonoff 5y agoSometimes one may be able to take a good guess at where one did not comply with the letter or the spirit of a certain rule, but still not be told which specific violation was detected and triggered a ban. Both are useful information and the question could have referred to either.
- KorematsuFred 5y agoWe do not know. I am sure the banning email must have mentioned something but it was far too vague and non-actionable for us.
- pudmaidai 5y agoThere was a Reddit thread just yesterday asking if the bullying stops once you become an adult. Evidently not. And sadly there’s no teacher to refer to, unless you can afford to shell some real cash.
- philliphaydon 5y agoI had several domains once for a couple of ideas I was working on, due to them taking about a year to do as it was just personal thing I did in spare time in between playing games and attempting to have a life, I decided to domain park them with Adsense. I set them up. Clicked on each one once to make sure it worked. Closed it. Didn’t open the domains again. Week later banned from Adsense for click fraud… I don’t get it. But I really hate Google now.
- echelon 5y ago> Costs roughly $1000/yr to run a properly sheltered LLC. Just saying, that’s a low barrier to overcome for any company turning modest revenue. I'm paying $200ish annually in Georgia. Am I missing some major filing requirement? This is a big discrepancy.
- Fezzik 5y agoOP was including other base fees beyond just the registration fee. The registration fee is $50-$500 annually depending on the state. With most states charging $250 or less.
- markvdb 5y agoYou are lucky. Over here, it's rather over 2.5k€ because of the accountants, notaries and state taking good care of themselves...